final report 2019 report 2019_k4n.pdf 6 global investor lunches: 2 guest speakers and 2...

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  • An affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI)

    www.wbaf2019.istanbul

    FINAL REPORT 2019

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    Global leaders made opening speeches It was a great honour to listen to the opening speeches of three distinguished guests:

    H.E. Dr Mehmet Kasapoglu, Youth and Sports Minister of Turkey; H.E. Kadri Veseli, President of the Grand Assembly of Kosovo; and H.E. Kolinda Grabar-Kitarovic, President of Croatia.

    It was rewarding to see that governments of today give special importance to the startup economy and recognise the importance of angel investors in fuelling early-stage economies. Special thanks go to these three leaders for their unwavering support for startups and angel investors.––

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    Two inter-governmental agreements signed The Congress hosted two important signing ceremonies for agreements at the governmental level. The first was the Global Partnerships for Financial Inclusion and Economic Cooperation Agreement to boost startup economies and innovation in South East Europe and West Africa. This was signed by the Government of Kosovo, the Government of Ghana, and the World Business Angels Investment Forum. I firmly believe this comprehensive economic collaboration will create more opportunities for startups, scaleups, SMEs and high-growth businesses.

    The second agreement was initiated by the World Business Angel Investment Forum, who developed a Master Plan for African Economies to unleash the real potential of the continent’s entrepreneurs, to tailor innovative financial instruments for Africa, and to lay out a roadmap for governments to convert their economies to ‘smart’ economies. The Country Implementation Agreement on the WBAF Master Plan for African Economies to ease access to finance for startups was signed by the Government of Ghana and the World Business Angels Investment Forum. We are confident that, with the right policies and the right strategic approach, the social and economic progress of recent years can be the prelude to long-lasting, sustained prosperity in Africa.

    Before signing these important agreements, we were privileged to listen to a message from Queen Maxima of the Netherlands. Her Majesty, as Chair of the G20 Global Partnership for Financial Inclusions (GPFI), highlighted the importance of financial inclusion to empower the world economy.

    3 more agreements The World Business Angels Investment Forum interacts with leaders in all areas of society, first and foremost in business and political spheres, to help assess needs and establish goals, bearing in mind that the public interest is of paramount importance. WBAF engages a wide range of institutions –

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    public and private, local and international, commercial and academic – to help shape the global agenda of early-stage equity and capital markets.

    One way WBAF does this is through its Country Offices. Launching a Country Office involves embracing activities that are designed to serve the global community of startups, angel investors, innovators, SMEs and entrepreneurs. By combining contributions from the many dynamic WBAF Country Offices around the world, all of us benefit from shared learning, better networks and increased exposure.

    The Congress hosted the signing ceremonies for the WBAF Nigeria Country Office and the WBAF Sudan Country Office.

    WBAF also collaborates with regional and global institutions. ASCAME, for example, is the main representative of the Mediterranean private sector. It works to intensify and enlarge its institutional relationships with relevant actors in the region for the benefit of its members and its network, and for the development of the Mediterranean region. ASCAME and WBAF signed a Memorandum of Understanding (MOU) at the Forum to join forces to advance the economic development of Mediterranean startups, scaleups, entrepreneurs and SMEs. The parties will work together to promote a more favourable funding environment, establish a durable mechanism for dialogue, and to participate in a variety of joint events.

    We believe these three agreements will ease access to smart finance of the countries in the respective regions.

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    6 keynotes from 6 global leaders in the private sector It was exciting to hear important insights from six leaders of the world economy. Husnu Ozyegin, known as the wealthiest person in Turkey, offered important insights in his speech from his own entrepreneurial journey, having started virtually from scratch to achieve around $10 billion in wealth. Hans van Grieken, EMEA Technology Research & Insights Leader at Deloitte gave a speech on the DNA of startups and innovators. Carsten Borring, Associate Vice President of Listings EMEA and Head of Listings & Capital Markets of Nasdaq, gave a speech on the anatomy of an SME IPO in capital markets. Paul Doany, CEO of Turk Telekom, spoke on the transitioning of CEOs of G20 economies to angel investors whose aim is to fuel economic development. Matthew Gamser, CEO of the SME Finance Forum of the International Finance Corporation (IFC), outlined the differences between startup finance and SME finance. Brad Bulent Yasar, Co-founder of the Blockchain Investors Consortium (BIC), presented ideas on how investors can benefit from the worldwide blockchain movement.

    You can download the Deloitte Report on the DNA of Startups and Scaleups for your future use.

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    Global Investor Lunches: 2 guest speakers and 2 presentations The Global Investors lunches hosted two important guests this year. H.E. Besim Beqaj, the Minister of Innovation and Entrepreneurship of Kosovo, enlightened us about opportunities in Kosovo for global investors. H.E. Juan Espadas, Mayor of Seville, gave a comprehensive explanation of how the city of Seville positions itself in the global innovation ecosystem.

    It was rewarding to listen to the presentations of representatives of two development agencies, each of which engages with the startup economy in their region. Helena Matusa, WBAF Croatia Country Director and Executive Assistant of the Zagorje Development Agency of Croatia, and Dr Hasan Maral, Secretary General of the Karacadag Development Agency of Turkey, each gave a presentation on how their development agencies support angel investors and startups at the regional level.

    Kosovo and the city of Seville are great role models for other countries in South East Europe and for all other European cities as well. Both presentations provided creative ideas for ways to benefit from regional development agencies so as to boost innovation at the regional base.

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    The WBAF Ministerial Roundtable brought together 4 ministers and 4 global leaders This WBAF Ministerial Roundtable included government ministers from various countries, angel investors, policymakers, and representatives of innovation and science parks, chambers of commerce and industry, and government investment promotion agencies. The discussants explored ways to develop an international dialogue between public and private institutions that will empower early and post-early stage equity markets in response to the worldwide digital transformation.

    The roundtable was moderated by H.E. Mehmet Simsek, Former Deputy Prime Minister of the Republic of Turkey. Discussants were H.E. Alhaji Mohammed Ibrahim Awal, Business Development Minister, Republic of Ghana; H.E. Besim Beqaj, Minister of Innovation and Entrepreneurship, Republic of Kosovo; H.E. Zoran Sapuric, Minister in charge of Regulations, Republic of Macedonia; Baybars Altuntas, Chairman, World Business Angels Investment Forum (WBAF); Peter Cowley, President, the European Trade Association of Business Angels (EBAN); Matthew Gamser, CEO of the SME Finance Forum - IFC, World Bank Group; Dr Hashim S. Hussein, Head of the United Nations Industrial Development Organization (UNIDO); and Abdul Malek Al Jabaar, President of the Middle East Trade Association for Business Angels (MBAN).

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    22 Panel Discussions with 88 international speakers from 72 countries, plus a Nasdaq Talk The Angel Investors Conference of the Forum offered three panel discussions:

    • Knowledge Digitization as the Future Norm in Investment Management: Optimizing the Decision-Making of Angel Investors, Crowdfunders, Private Equity Funds and VCs

    • Empowering the Early and Post-Early Stage Investment and Equity Markets: Providing a Better Environment and Better Tools for Angel Investors – Private Equity Funds Co- Investments in Start-Ups, Scale-Ups and High-Growth Businesses

    • Startup Stock Exchanges or Startup Private Markets?

    The CEO Investors Summit of the Forum hosted four panel discussions:

    • Today’s CEOs as Tomorrow’s Qualified Angel Investors: Fostering Economic Development by Involving CEOs in Early-Stage and Post-Early Stage Equity Markets

    • Leveraging Corporate Innovation by Engaging with External Ecosystems: Entrepreneurs, Start-Ups, Scale-Ups, High-Growth Businesses, Crowdfunders and Angel Investors

    • Entrepreneur-In-Residence Programmes to Cultivate Intrapreneurship: An Option for Accelerating Corporate Innovation from Within

    • Corporate Innovation Accelerators: A Win-Win Opportunity for Start-Ups and Corporate Ventures

    The Fintech Summit of the Forum featured four panel discussions:

    • Increasing the Role of Fintechs for Financial Inclusion: Creating an Innovation Ecosystem to Explore Innovations in Financial Technology for Democratizing Access to